Private property rents in Aberdeen are now averaging more than £1,000 a month, a new report has revealed.

Citylets, a letting website, has said the average tenant in the city is now paying £1,002 per month – an increase of 11.5% from last year.

The report also places the city as the most expensive place to rent in Scotland, with the average monthly lease in Edinburgh to be £820, while in Glasgow it is £618.

Dan Cookson, senior analyst at Citylets, said: "Aberdeen continues to set itself apart from the Scottish rental sector with supply shortages fuelling price hikes.


"Numbers of rental properties advertised in Aberdeen city centre have fallen by nearly 50% this summer, while the continual growth of the oil and gas industry has seen the numbers of people locating to the city grow.

"The shortage in quality rental stock is reflected by the fact that a typical property is only the market for less than two weeks before being snapped up – with more than half of Aberdeen properties let within a week of being advertised.

"Large premium properties, favoured by executives and their families, have recorded the highest growth in rents.

"With limited new homes being built in the city, it seems fair to deduce that in future rent levels will continue their paths upwards."

It was recently reported that house prices in Aberdeen had doubled in a decade.

(JP/IT)